| September 30, |
2006 |
2005 |
|
ASSETS |
| Cash and Cash Equivalents |
$ 7,088,127 |
$ 6,112,232 |
| Investments |
74,939,774 |
67,824,194 |
| Accounts Receivable, Trade |
1,031,565 |
1,648,257 |
| Government Programs Receivable |
1,881,082 |
522,396 |
| Beneficial Interest Under Split-Interest Agreements |
283,728 |
257,885 |
| Inventories: |
7,238,577 |
8,272,709 |
| Prepaid Expenses |
20,695 |
4,882 |
| Prepaid Pension Expense |
1,886,051 |
1,185,887 |
| Investments, the use of which is limited |
2,841,414 |
2,764,221 |
| Property & Equipment, Net of Accumulated Depreciation of $10,699,965 and $10,661,088 for 2006 and 2005, respectively |
3,472,692 |
3,964,285 |
| |
|
TOTAL ASSETS |
100,683,705 |
92,556,948 |
| |
| |
LIABILITIES AND NET ASSETS |
| LIABILITIES |
| Accounts Payable and Customer Deposits |
1,553,411 |
1,158,258 |
| Accrued Payroll |
248,190 |
270,318 |
| Accrued Taxes and Payroll Withholdings |
15,562 |
13,229 |
| Accrued Vacation |
617,318 |
616,679 |
| Annuities Payable |
977,922 |
956,523 |
| Deferred compensation liability |
283,533 |
206,271 |
| Other accrued expenses |
251,080 |
|
| |
|
| Total Liabilities |
3,947,016 |
3,221,278 |
| |
NET ASSETS |
| Unrestricted |
93,519,892 |
86,214,802 |
| Temporarily Restricted |
375,383 |
356,647 |
| Permanently Restricted |
2,841,414 |
2,764,221 |
| |
|
Total Net Assets |
96,736,689 |
89,335,670 |
| |
| |
TOTAL LIABILITIES AND NET ASSETS |
$100,683,705 |
$92,556,948 |
Full audited financial statements are available upon request.
